In a meeting on Thursday, the Nevada Gaming Commission has granted a gaming license to Entain PLC, MGM Resorts International’s partner in the BetMGM sports betting venture.
Nevada Gaming Commission Grants Gaming License to EntainThe executives were questioned by the commissioners regarding the $20.4 million (£17 million) fine imposed by the UK Gambling Commission in August 2022 due to failures related to social responsibility and anti-money laundering. However, the commissioners were convinced that the company has made necessary modifications to its compliance procedures, specifically in relation to its association with BetMGM.
Nevada Gaming Commission Grants Gaming License to Entain, but the offer was turned down. It was anticipated that a bidding war would follow, but during MGM’s fourth-quarter earnings call earlier this month, CEO Bill Hornbuckle stated that the possibility of any deal has been ruled out.
Jenny Tang
An experienced iGaming commentator and analyst based in New York City - Jenny reports on regulation and gambling industry news and events.